OREANDA-NEWS. August 8, 2007. OGK-5 and Enel Investment Holding B.V. signed the Cooperation and Mutual Commitments Agreement.

The Agreement sets the main directions and methods of cooperation between the company and the shareholder, as well as information exchange between the parties.

The Agreement envisages exchange of experience in various cooperation areas, including employee training programmes, exchange of delegations, as well as training seminars and lectures.

Moreover, the parties agreed to have mutual consultations, negotiations and meetings within the framework of cooperation under the Agreement and other issues related to interaction with control bodies and third parties, issues of financial and other interests of the parties, other OGK-5’s shareholders and interested persons.

While commenting on the execution of the agreement, Anatoly Bushin, the Director General of JSC OGK-5, noted that this event is a major step in the development of OGK-5. “We always respect the opinion of our shareholders. I hope that Enel’s expertise and knowledge will provide us with new ideas and new production and management technologies, which we will use to achieve the strategic goals of the company”.